Post office savings schemes, NDTV, Heeraben Modi in news

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Hello Reader, In good news for senior citizens and common investors, the government hiked interest rates on post office savings schemes, national saving certificate, senior citizen savings scheme, and the Kisan Vikas Patra. The changed interest rates would be applicable between January 1, 2023 and March 31, 2023. NDTV said its founders Prannoy Roy and Radhika Roy had resigned as directors after billionaire Gautam Adani's conglomerate took majority control of the media company. Meanwhile, PM Narendra Modi's mother Hiraben & soccer star Pele passed away.

Senior Citizen Savings Scheme, Post office time deposits, NSC interest rates hiked for March qtr The government has hiked the interest rates of a few small savings schemes by between 20 bps and 110 bps for the January-March 2023 quarter. Here is a look at the interest rates on various small savings schemes for the fourth quarter of FY 2022-23. Read more

Govt asks Tatas to deduct salary of Air India employees staying in residential colonies The residential colonies were not part of the disinvestment exercise and the government has moved the properties under Air India Asset Holdings Limited along with other real estate properties. It plans to sell them in order to pay for the remaining Rs 60,000 crore of debt that the government has absorved. Read more

PM Modi's mother Heeraben Modi passes away Sharing the picture of his mother Heeraben Modi, PM Modi said, "In Maa I have always felt that trinity, which contains the journey of an ascetic, the symbol of a selfless Karmayogi and a life committed to values." Read more

Budget 2023: Six ways Nirmala Sitharaman can help Indian household finances Finance Minister Nirmala Sitharaman is about to present the Union Budget on February 1. It remains to be seen if the finance minister bites the income tax bullet that she has been evading for several years. Read more

NDTV founders resign from board after Gautam Adani takes control Along with the Roys, four other independent directors also resigned, effective Dec. 30, NDTV said in a statement. The Roys will continue to hold a 2.5% stake each in NDTV, according to the statement. Read more

20 years & counting: How Ambani became Alibaba & Alphabet of India In 2 decades with Mukesh Ambani as chairman, RIL's mcap has grown at 20.6% CAGR & profits by an annualised rate of 16.4%, Credit & care & value unlocking likely to bring back the mojo to the stock as comparisons with Gautam Adani further intensifies. Read more

Benedict XVI, first pope to resign in 600 years, dies at 95 Benedict stunned the world on Feb. 11, 2013, when he announced, in his typical, soft-spoken Latin, that he no longer had the strength to run the 1.2 billion-strong Catholic Church that he had steered for eight years through scandal and indifference. His dramatic decision paved the way for the conclave that elected Pope Francis as his successor. Read more

Electric vehicle sales on track to cross 1-million milestone this year According to data on the government's Vahan website, about 9,89,000 EVs have been registered with regional transport offices till Thursday. The numbers already show a more than three-fold increase from 2021. The numbers do not include data from Telangana. Read more

India confirms first case of Omicron variant XBB.1.5. Everything you need to know XBB.1.5 is a sub-variant that international scientists have flagged for being responsible for a surge in Covid cases and hospitalisations in New York. XBB itself is a recombinant of two different BA.2 sub-variants of Omicron. But its descendant, XBB.1.5, is believed to have a tighter bind to the ACE2 receptor, which would explain its higher level of transmissibility, a TOI report said, quoting US scientist Eric Topol. Read more

December 31, 2022, is last day to file belated, revised income tax returns for AY 2022-23 Under the income tax laws if an individual has not filed income tax return for FY 2021-22 on or before July 31, 2022, then December 31, 2022 is the last chance to do so. If this deadline is missed, then individual can only file updated ITR albeit by paying a penalty. Read more

Russia's oil export ban may bolster India crude imports The West, which insists on a strict price cap on supplies from Moscow, has already imposed a ban on the bulk of Russian crude exports. Some residual volumes still being imported into Europe via pipelines could now be affected by the latest Kremlin move. Read more

Rs 500-crore crypto scam in Delhi: Many fall to promise of 200% returns At Goa, the accused allegedly organised a grand event for the investors where they explained to them the complex process of blockchain technology and other things to supposedly enable them to give exorbitant returns. Read more

Government tweaks GST rules for claiming input tax credit The ministry has inserted Rule 37A in Central Goods and Services Tax rules to give effect to the new provision. Read more

Reliance to buy 51% stake in Lotus Chocolate for Rs 74 crore The capital infused by the FMCG arm of Reliance Industries will help drive the growth and expansion of Lotus into a comprehensive confectionery, cocoa, chocolate derivatives and related products manufacturer across industrial and consumer market spectrum, it said in a statement. Read more

Pele, Brazil's sublimely skilled soccer star who charmed the world, dead at 82 Born on Oct. 23, 1940, in the small Minas Gerais town of Tres Corações, or "Three Hearts", Edson Arantes do Nascimento learned the game from his father, a semi-professional player whose promising career was derailed by a knee injury. Read more

Covid might not go away but no major outbreak likely in India: Expert "It is uncertain when or if Covid will become an endemic, but it is unlikely that it will be completely eliminated. We may see occasional outbreaks, if new mutations emerge, like in China. In India, it seems unlikely that there will be a significant new outbreak in the next two-three months," Koul, a leading pulmonologist and researcher on infectious diseases, said. Read more

India's forex reserves fall to $562.81 billion from $563.49 billion At the start of 2022, the overall forex reserves were at $633.61 billion and dropped to a two-year low in October. Much of the decline can be attributed to RBI's intervention and a rise in the cost of imported goods. It is still down sharply from a peak of over $642 billion touched in September last year. Read more

Non-essential construction work banned in Delhi-NCR amid spike in air pollution Curbs under Stage III include a ban on non-essential construction and demolition, closure of stone crushers and mining activities in Delhi-National Capital Region (NCR). Read more

UGC NET to be conducted twice a year, dates for June 2023 cycle announced "This is to inform the prospective applicants that the first UGC NET June 2023 Cycle will be conducted from 13 to 22 June 2023," PTI quoted the UGC Chairman as saying. Read more Experience your trusted ET newspaper. Now in a brand new way. The Economic Times print edition. Experience it now with your ET Prime membership. Read Today's Print Edition NEWSLETTER MORE Daily Newsletter Special stories that round up the major developments of the day SUBSCRIBE ET Mutual Fund A weekly round-up of the top news and views from the mutual fund industry SUBSCRIBE ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox SUBSCRIBE Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more SUBSCRIBE

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